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KY Real Estate Law - PSI Practice Exam 2024 Questions With 100% Correct Answers!!
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KY Real Estate Law - PSI Practice Exam 2024 Questions With 100% Correct Answers!!
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Name: Score:137 Multiple choice questions
Term 1 of 137
If you fail to take continuing education, what must you do?
What will happen if you do not?
- put your license in escrow
- file a delinquency plan
- It will be canceled
- $225 or 80% of monthly assessment
- Agent's name
- Company or broker's name
- Address
- Phone number
- capital
-labor/work
- land
- building materials
,Term 2 of 137
For investment property, what are three things considered an to be an improvement?
Advise them to contact an attorney
- equal prominence with the same identifying info
- the company names
- relecent licensees
- put your license in escrow
- file a delinquency plan
- It will be canceled
- Something that wasn't there
- Updating something that was there
- Adapting the asset to the property
Term 3 of 137
When terminating with a broker, what will an agent have to turn over to that broker?
Get written disclosure
All listin info
Disclose confidential info
If they have hiv
,Term 4 of 137
It is illegal to discriminate based on what 8 things?
- put your license in escrow
- file a delinquency plan
- It will be canceled
- race
- color
- religion
- sex
- familiar status
- disability
- sex orientation
- gender identity
- they have 2 yr experience
- they average 20 hours per week for 1 year
- the office is within 100 miles of the main branch
- grantor remises
- release
- alienate
- conveys
Term 5 of 137
What must happen for a sub-agency?
Break an agreement with another agent
Get written disclosure
Both parties must give written consent
It must be given to the broker
, Term 6 of 137
Even if there is not a written listing agreement, an agent may still...
Advertize public info
Copies of that document
Get written disclosure
Future profit
Term 7 of 137
Who appoints the people on the commission?
Any person who is licensed under the KY Statutes and performs acts of real estate
brokerage.
The governor appoints them
It is co-listed with a KY cooperating broker
Yes, if requirements are met
Term 8 of 137
No real estate advertising shall be intentionally...
The company or it's principal broker
Copies of that document
Exaggerated, misleading or impossible
False, misleading or deceptive
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